Thus, the Gov debt bomb get's a nice big pail of cold water thrown on it's fuse to buy more time. 

And if you know anyone in the town hall, building inspector, water dept etc, my phone is ringing and I'm getting E-mails, the hard part is tracking down the owner!!

Quote from @Elealeh Fulmaran: Tough combo: rural, 7 acres, hand‑dug well, unpermitted structures, and minor water damage knocks out most agency and FHA options.

I feel like I'm a fish out of water here a bit.

Now you may have to get it rezoned , this may take a year or two and you have to fight some neighbors , then you hire an engineer to lay out the lots , roads , water and sewer , which isnt cheap and may take another year or two .

Same with old water heaters. 

. 😂 It’s funny how many investors want “passive income” until they’re knee-deep in a water heater replacement.You make a solid point about matching the level of involvement to your goals — that’s where most people trip up.

I’m based in Oxford, MS, and have been watching a property over in Water Valley that just had a pretty big price drop — it was listed at $110k and is now down to $79k.  

Purchase price: $296,000 Cash invested: $67,000 This is a 4 bed, 3 bath short term rental with a 6 seater golf cart, oasis style pool with hot tub, putting green and minutes to the beach.

It looks to me like, prompted or not, a lot of cheerleaders showed up to encourage the OP to dive on in, the water is fine.